Agency Information Collection Activities; Proposed Collection: Comment Request, 27274-27275 [2020-09746]

Download as PDF 27274 Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices labels and ensure that labels provide the consumer with adequate information as to the identity and quality of the product. Under that authority, TTB regulates the use of appellations of origin on wine labels, including the use of American viticultural area (AVA) names. In response to petitions submitted by interested parties, TTB establishes new AVAs or modifies existing AVAs through the rulemaking process. The TTB regulations in 27 CFR part 9 specify the information to be included in such petitions. TTB uses the provided information to evaluate a petitioner’s proposal and draft rulemaking for public comment for creating a new AVA or amending the name, boundary, or other terms of an existing AVA. Current Actions: There are no program changes or adjustments associated with this information collection, and TTB is submitting it for extension purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profits. khammond on DSKJM1Z7X2PROD with NOTICES Estimated Annual Burden • Number of Respondents: 15. • Average Responses per Respondent: One. • Number of Responses: 15. • Average Per-response Burden: 130 hours. • Total Burden: 1,950 hours. OMB Control No. 1513–0139 Title: Record of Carbon Dioxide Measurement in Effervescent Products Taxed as Hard Cider. TTB Form or Recordkeeping Number: None. Abstract: The IRC, at 26 U.S.C. 5041, defines and imposes six Federal excise tax rates on wine, which vary by the wine’s alcohol and carbon dioxide content. Wines with no more than 0.392 grams of carbon dioxide per 100 milliliters are taxed as still wine at $1.07, $1.57, or $3.15 per gallon, depending on their alcohol content, while wines with more than 0.392 grams of carbon dioxide per 100 milliliters are taxed as effervescent wine at $3.30 per gallon if artificially carbonated or $3.40 per gallon if naturally carbonated. However, under those IRC provisions, certain apple- and pear-based wines are subject to the ‘‘hard cider’’ tax rate of $0.226 per gallon if the product contains no more than 0.64 grams of carbon dioxide per 100 milliliters of wine. Given the difference in tax rates which, in part, depend on the level of effervescence, the TTB regulations in 27 CFR 24.302 VerDate Sep<11>2014 16:45 May 06, 2020 Jkt 250001 require proprietors who produce or receive effervescent hard cider to record the amount of carbon dioxide in the hard cider. This recordkeeping requirement is necessary to demonstrate compliance with the statutory definition of wine eligible for the hard cider tax rate. Current Actions: There are no program changes associated with this information collection, and TTB is submitting it for extension purposes only. As for adjustments, due to changes in agency estimates resulting from growth in the number of effervescent hard cider products in the marketplace, TTB is increasing the number of annual respondents, responses, and burden hours reported for this information collection. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profits. Estimated Annual Burden • Number of Respondents: 600. • Average Responses per Respondent: 25. • Number of Responses: 15,000. • Average Per-response Burden: 4 hours. • Total Burden: 60,000 hours. Amy R. Greenberg, Director, Regulations and Rulings Division. [FR Doc. 2020–09700 Filed 5–6–20; 8:45 am] BILLING CODE 4810–31–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Agency Information Collection Activities; Proposed Collection: Comment Request Notice and request for public comment. ACTION: The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Annual Certification and Data Collection Report Form (ACR) and the Certification Transaction Level Report (CTLR) at https://www.cdfifund.gov/ SUMMARY: PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 programs-training/certification/cdfi/ Pages/CertificationPRA.aspx. DATES: Written comments must be received on or before August 5, 2020 to be assured of consideration. ADDRESSES: Submit your comments via email to Greg Bischak, Financial Strategies and Research (FS&R) Program Manager, CDFI Fund, at: CDFIFinancialStrategiesandResearch@ cdfi.treas.gov. Greg Bischak, Financial Strategies and Research (FS&R) Program Manager, CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220 or by phone at (202) 653–0300. Other information regarding the CDFI Fund and its programs may be obtained through the CDFI Fund’s website at http:// www.cdfifund.gov. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: Title: Annual Certification and Data Collection Report Form and the Certification Transaction Level Report. OMB Number: 1559–0046. Abstract: This information collection captures information related to continuing compliance with certification standards for Community Development Financial Institutions (CDFIs) and other data associated with the finances and activities of CDFIs. The Annual Certification and Data Collection Report (ACR) requires a certified Community Development Financial Institution (CDFI) to annually assess and report on any changes to data for criteria supporting its CDFI certification, as well as some additional organizational, financial and other data. The CDFI Fund uses this report to monitor the CDFI’s compliance with certification criteria and collect data to gain greater insight on the CDFI industry. This document identifies proposed changes to the current ACR data collection covered by OMB Number: 1559–0046 (see the current data collection in the appendix to this document). The ACR data structure discussed below details proposed deletions, changes, and additions of data points for the ACR and inclusion of the new Certification Transaction Level Report (CTLR) which provides a standardized data collection capability to validate transactions within target markets. As an administrative efficiency the CTLR data collection is being submitted for public comment under the ACR OMB control number 1559–0046. Please note that the CTLR is intended to support both the revised Certification Application (see related OMB 1559– E:\FR\FM\07MYN1.SGM 07MYN1 Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices 0028) and the ACR. The CTLR is a proposed requirement for CDFI Certification applicants and certified CDFIs that are not current Financial Assistance recipients and therefore do not submit an annual Transaction Level Report (TLR) to the CDFI Fund. The CTLR will improve data quality in both the revised Certification Application and ACR by replacing unverifiable summary data on lending and investment in Target Markets with the CTLR transaction data, and used to automatically compute answers to questions about the composition and distribution of lending and investment activities. The CTLR will also collect industry-wide transactional data for the first time. Thus the implementation of the CTLR will create a more data-driven, quantitative evaluation of certified CDFIs and CDFI Certification Applicants, and automate key validation processes. The other changes in the ACR include additional questions based on the new policy-related questions in the revised Certification Application. These questions confirm that currently certified CDFIs are meeting new certification requirements. Another change in the ACR involves the use of web-services to collect financial data for regulated CDFIs from regulators’ call reports which will reduce reporting burden, improve data quality and comply with OMB guidance. khammond on DSKJM1Z7X2PROD with NOTICES ACR and CTLR Burden Estimates In order to provide a side-by-side comparison of reporting burden changes between the current and proposed changes in the ACR, this analysis will first examine the changes related to just the ACR form, and then separately present burden estimates for the CTLR. ACR Burden Estimates Proposed Reductions: The revised ACR form proposes to delete 28 questions from the current form. In addition, changes through the use of technology and web services to reduce reporting burden for 34 existing questions. Proposed Additions: There are 26 new questions related to changes in the CDFI Fund’s certification policy which require the confirmation that an entity complies with these standards. In addition there are three new data tables added to the ACR: The Capital Investment Table; the Contributed Operating Revenue Table, and Loans and Leases Table. These changes will result in a net increase of 6,527 hours over prior ACR burden estimates (8,663 hours) for the estimated number of total respondents. VerDate Sep<11>2014 16:45 May 06, 2020 Jkt 250001 Type of Review: Regular Review. Affected Public: Certified CDFIs. Estimated Number of ACR Respondents: 1,085. Estimated Annual Time per ACR Respondent: 14 hours. Estimated Total ACR Annual Burden Hours: 15,190 hours. CTLR Burden Estimates As noted above, the implementation of the CTLR will create a more datadriven, quantitative evaluation of certified CDFIs and CDFI Certification applicants, and automate key validation processes. In particular, the CTLR will standardize reporting and automate analysis for the current Target Market estimates required for the ACR questions. The CTLR will also standardize and automate analysis for the Certification Application regarding an entity’s loans and investments (i.e. the number and amount of loans and/or investments) within that entity’s proposed Target Market(s). In addition to these technological enhancements, the CTLR will eliminate the need for detailed transactional analysis of the entity’s total portfolio. The CTLR will only analyze new originations and thereby reduce substantially the current burden for transactional analysis (a concern raised in public comments in response to the 2017 ACR request for public comment). Thus while the CTLR is a new data collection, the technological enhancements of the process provide standardized methods and new automated coding of geographically determined Targets Markets such as qualified Investment Areas and Low-Income Targeted Populations at the Census Block Level. These improvement undoubtedly provide time savings in manual coding processes necessary for currently certified CDFIs to report in the ACR on the share of transactions going to their approved Target Market. Moreover the policy changes for certification will allow all Applicants and certified CDFIs to count transactions devoted to all eligible Investment Areas outside of their previously geographically defined Target Markets. Furthermore the new policies and procedures allow for transactional coding of Financial Services to count in evaluating Target Market activities. For these reasons the burden is estimated to be 6,800 hours (see below). Type of Review: Regular Review. Affected Public: Non-Financial Assistance Certified CDFIs (700) and new Certification Applicants (150). Estimated Number of CTLR Respondents: 850. PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 27275 Estimated Annual Time per ACR Respondent: 8 hours. Estimated Total CTLR Annual Burden Hours: 6,800 hours. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record and may be published on the CDFI Fund website at http:// www.cdfifund.gov. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected, including which data might be useful to publish to provide the public a concise organizational profile of each certified CDFI’s financial products and services, asset size, target markets served; (d) ways to minimize the burden of the collection of information on respondents, including through the use of technology; (e) proposals for the optimal reporting period for the ACR which currently is 90 days after the Fiscal Year End of the reporting entity; and (f) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Authority: Pub. L. 104–13; 12 CFR 1805; 12 CFR 1806; 12 CFR 1807; 12 CFR 1808. Jodie L. Harris, Director, Community Development Financial Institutions Fund. [FR Doc. 2020–09746 Filed 5–6–20; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Notice of Information Collection and Request for Public Comment Notice and request for public comment. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI SUMMARY: E:\FR\FM\07MYN1.SGM 07MYN1

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[Federal Register Volume 85, Number 89 (Thursday, May 7, 2020)]
[Notices]
[Pages 27274-27275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09746]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Agency Information Collection Activities; Proposed Collection: 
Comment Request

ACTION: Notice and request for public comment.

-----------------------------------------------------------------------

SUMMARY: The U.S. Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995. Currently, the Community 
Development Financial Institutions Fund (CDFI Fund), U.S. Department of 
the Treasury, is soliciting comments concerning the Annual 
Certification and Data Collection Report Form (ACR) and the 
Certification Transaction Level Report (CTLR) at https://www.cdfifund.gov/programs-training/certification/cdfi/Pages/CertificationPRA.aspx.

DATES: Written comments must be received on or before August 5, 2020 to 
be assured of consideration.

ADDRESSES: Submit your comments via email to Greg Bischak, Financial 
Strategies and Research (FS&R) Program Manager, CDFI Fund, at: [email protected].

FOR FURTHER INFORMATION CONTACT: Greg Bischak, Financial Strategies and 
Research (FS&R) Program Manager, CDFI Fund, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220 or by phone 
at (202) 653-0300. Other information regarding the CDFI Fund and its 
programs may be obtained through the CDFI Fund's website at http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Annual Certification and Data Collection Report Form and the 
Certification Transaction Level Report.
    OMB Number: 1559-0046.
    Abstract: This information collection captures information related 
to continuing compliance with certification standards for Community 
Development Financial Institutions (CDFIs) and other data associated 
with the finances and activities of CDFIs. The Annual Certification and 
Data Collection Report (ACR) requires a certified Community Development 
Financial Institution (CDFI) to annually assess and report on any 
changes to data for criteria supporting its CDFI certification, as well 
as some additional organizational, financial and other data. The CDFI 
Fund uses this report to monitor the CDFI's compliance with 
certification criteria and collect data to gain greater insight on the 
CDFI industry. This document identifies proposed changes to the current 
ACR data collection covered by OMB Number: 1559-0046 (see the current 
data collection in the appendix to this document). The ACR data 
structure discussed below details proposed deletions, changes, and 
additions of data points for the ACR and inclusion of the new 
Certification Transaction Level Report (CTLR) which provides a 
standardized data collection capability to validate transactions within 
target markets.
    As an administrative efficiency the CTLR data collection is being 
submitted for public comment under the ACR OMB control number 1559-
0046. Please note that the CTLR is intended to support both the revised 
Certification Application (see related OMB 1559-

[[Page 27275]]

0028) and the ACR. The CTLR is a proposed requirement for CDFI 
Certification applicants and certified CDFIs that are not current 
Financial Assistance recipients and therefore do not submit an annual 
Transaction Level Report (TLR) to the CDFI Fund. The CTLR will improve 
data quality in both the revised Certification Application and ACR by 
replacing unverifiable summary data on lending and investment in Target 
Markets with the CTLR transaction data, and used to automatically 
compute answers to questions about the composition and distribution of 
lending and investment activities. The CTLR will also collect industry-
wide transactional data for the first time. Thus the implementation of 
the CTLR will create a more data-driven, quantitative evaluation of 
certified CDFIs and CDFI Certification Applicants, and automate key 
validation processes.
    The other changes in the ACR include additional questions based on 
the new policy-related questions in the revised Certification 
Application. These questions confirm that currently certified CDFIs are 
meeting new certification requirements. Another change in the ACR 
involves the use of web-services to collect financial data for 
regulated CDFIs from regulators' call reports which will reduce 
reporting burden, improve data quality and comply with OMB guidance.

ACR and CTLR Burden Estimates

    In order to provide a side-by-side comparison of reporting burden 
changes between the current and proposed changes in the ACR, this 
analysis will first examine the changes related to just the ACR form, 
and then separately present burden estimates for the CTLR.

ACR Burden Estimates

    Proposed Reductions: The revised ACR form proposes to delete 28 
questions from the current form. In addition, changes through the use 
of technology and web services to reduce reporting burden for 34 
existing questions.
    Proposed Additions: There are 26 new questions related to changes 
in the CDFI Fund's certification policy which require the confirmation 
that an entity complies with these standards. In addition there are 
three new data tables added to the ACR: The Capital Investment Table; 
the Contributed Operating Revenue Table, and Loans and Leases Table. 
These changes will result in a net increase of 6,527 hours over prior 
ACR burden estimates (8,663 hours) for the estimated number of total 
respondents.
    Type of Review: Regular Review.
    Affected Public: Certified CDFIs.
    Estimated Number of ACR Respondents: 1,085.
    Estimated Annual Time per ACR Respondent: 14 hours.
    Estimated Total ACR Annual Burden Hours: 15,190 hours.

CTLR Burden Estimates

    As noted above, the implementation of the CTLR will create a more 
data-driven, quantitative evaluation of certified CDFIs and CDFI 
Certification applicants, and automate key validation processes. In 
particular, the CTLR will standardize reporting and automate analysis 
for the current Target Market estimates required for the ACR questions. 
The CTLR will also standardize and automate analysis for the 
Certification Application regarding an entity's loans and investments 
(i.e. the number and amount of loans and/or investments) within that 
entity's proposed Target Market(s). In addition to these technological 
enhancements, the CTLR will eliminate the need for detailed 
transactional analysis of the entity's total portfolio. The CTLR will 
only analyze new originations and thereby reduce substantially the 
current burden for transactional analysis (a concern raised in public 
comments in response to the 2017 ACR request for public comment). Thus 
while the CTLR is a new data collection, the technological enhancements 
of the process provide standardized methods and new automated coding of 
geographically determined Targets Markets such as qualified Investment 
Areas and Low-Income Targeted Populations at the Census Block Level. 
These improvement undoubtedly provide time savings in manual coding 
processes necessary for currently certified CDFIs to report in the ACR 
on the share of transactions going to their approved Target Market. 
Moreover the policy changes for certification will allow all Applicants 
and certified CDFIs to count transactions devoted to all eligible 
Investment Areas outside of their previously geographically defined 
Target Markets. Furthermore the new policies and procedures allow for 
transactional coding of Financial Services to count in evaluating 
Target Market activities. For these reasons the burden is estimated to 
be 6,800 hours (see below).
    Type of Review: Regular Review.
    Affected Public: Non-Financial Assistance Certified CDFIs (700) and 
new Certification Applicants (150).
    Estimated Number of CTLR Respondents: 850.
    Estimated Annual Time per ACR Respondent: 8 hours.
    Estimated Total CTLR Annual Burden Hours: 6,800 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record and may be published on 
the CDFI Fund website at http://www.cdfifund.gov. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the CDFI Fund, including whether 
the information shall have practical utility; (b) the accuracy of the 
CDFI Fund's estimate of the burden of the collection of information; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected, including which data might be useful to 
publish to provide the public a concise organizational profile of each 
certified CDFI's financial products and services, asset size, target 
markets served; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of technology; 
(e) proposals for the optimal reporting period for the ACR which 
currently is 90 days after the Fiscal Year End of the reporting entity; 
and (f) estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Authority:  Pub. L. 104-13; 12 CFR 1805; 12 CFR 1806; 12 CFR 
1807; 12 CFR 1808.

Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2020-09746 Filed 5-6-20; 8:45 am]
 BILLING CODE 4810-70-P